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Covalis Capital Portfolio holdings

AUM $1.63B
1-Year Est. Return 27.84%
This Fund
S&P 500
This Quarter Est. Return
+2.29%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$810M
AUM Growth
+$195M
Cap. Flow
+$182M
Cap. Flow %
22.47%
Top 10 Hldgs %
65.03%
Holding
83
New
27
Increased
16
Reduced
9
Closed
31

Top Buys

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$98.5M
2
PCG icon
PG&E
PCG
+$88.2M
3
OKE icon
Oneok
OKE
+$59.1M
4
NI icon
NiSource
NI
+$52.7M
5
CVE icon
Cenovus Energy
CVE
+$32.3M

Top Sells

Rank Stock Value
1
SHEL icon
Shell
SHEL
+$79.5M
2
FSLR icon
First Solar
FSLR
+$45.5M
3
SHLS icon
Shoals Technologies Group
SHLS
+$22.1M
4
SEE
Sealed Air
SEE
+$14.2M
5
MP icon
MP Materials
MP
+$13.5M

Sector Composition

Rank Sector Weight
1 Utilities 49.3%
2 Energy 20.42%
3 Consumer Discretionary 13.97%
4 Industrials 7.05%
5 Technology 4.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBSW icon
51
Sibanye-Stillwater
SBSW
$6.26B
$645K 0.08%
+136,895
New +$629K
NPWR icon
52
NET Power
NPWR
$126M
$563K 0.07%
+49,430
New +$447K
ALB icon
53
Albemarle
ALB
$13.9B
– –
-84,367
Closed -$12.2M
AN icon
54
AutoNation
AN
$7.11B
– –
-19,875
Closed -$2.98M
AXTA icon
55
Axalta
AXTA
$7.66B
– –
-320,705
Closed -$10.9M
BIPC icon
56
Brookfield Infrastructure
BIPC
$5.2B
– –
-87,156
Closed -$3.07M
DE icon
57
Deere & Co
DE
$160B
– –
-7,699
Closed -$3.08M
DOW icon
58
Dow Inc
DOW
$21.9B
– –
-91,948
Closed -$5.04M
ECL icon
59
Ecolab
ECL
$78.1B
– –
-12,764
Closed -$2.53M
ECVT icon
60
Ecovyst
ECVT
$1.32B
– –
-150,022
Closed -$1.47M
ED icon
61
Consolidated Edison
ED
$40.1B
– –
-76,545
Closed -$6.96M
EE icon
62
Excelerate Energy
EE
$1.25B
– –
-213,234
Closed -$3.3M
GNTX icon
63
Gentex
GNTX
$4.97B
– –
-145,091
Closed -$4.74M
GT icon
64
CALL
Goodyear
GT
$2B
– –
-10,000
Closed -$143K
GT icon
65
Goodyear
GT
$2B
– –
-841,672
Closed -$12.1M
HES
66
DELISTED
Hess
HES
– –
-10,922
Closed -$1.57M
HSAI
67
Hesai Group
HSAI
$2.66B
– –
-279,475
Closed -$2.49M
HUN icon
68
Huntsman Corp
HUN
$1.71B
– –
-116,990
Closed -$2.94M
KMB icon
69
Kimberly-Clark
KMB
$36.3B
– –
-41,316
Closed -$5.02M
LCID icon
70
Lucid Motors
LCID
$2.88B
– –
-273,005
Closed -$11.5M
LNT icon
71
Alliant Energy
LNT
$18.3B
– –
-88,937
Closed -$4.56M
MMM icon
72
3M
MMM
$90.9B
– –
-63,561
Closed -$5.81M
MP icon
73
MP Materials
MP
$7.36B
– –
-679,257
Closed -$13.5M
OXY icon
74
CALL
Occidental Petroleum
OXY
$56.8B
– –
-1,000
Closed -$59.7K
SEE
75
DELISTED
Sealed Air
SEE
– –
-389,833
Closed -$14.2M
1 2
3
4

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GIP
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PRA
Pine Ridge Advisers New York $1.62B AUM 16.97% 1-Year Est. Return
SC
SRB Corp Boston, Massachusetts $1.63B AUM 20.77% 1-Year Est. Return
SWA
Stratos Wealth Advisors Beachwood, Ohio $1.63B AUM 16.33% 1-Year Est. Return
AIP
AE Industrial Partners Boca Raton, Florida $1.63B AUM 5.44% 1-Year Est. Return
KCM
Kynam Capital Management Princeton, New Jersey $1.62B AUM 138.67% 1-Year Est. Return
PCM
Philosophy Capital Management Alamo, California $1.63B AUM 12.69% 1-Year Est. Return
MAC
Monarch Alternative Capital New York $1.63B AUM 125.01% 1-Year Est. Return

Covalis Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Covalis Capital held 83 positions worth $810M, up 32% from $615M the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Covalis Capital deployed $182M of net new capital in Q1 2024, opening 27 new positions and adding to 16 existing holdings. Its largest new stake was NiSource: 2,004,920 shares worth $55.5M.

By sector, the portfolio is most concentrated in Utilities at 49% of assets, up from 19% a quarter earlier, followed by Energy and Consumer Discretionary.

On the sell side, the largest reduction was Shell, an estimated $79.5M trimmed.

  • Covalis Capital's largest Q1 2024 buy was NiSource: 2,004,920 shares worth $55.5M.
  • Covalis Capital added most to NextEra Energy in Q1 2024, an estimated $98.5M increase.
  • Covalis Capital's biggest Q1 2024 reduction was Shell, cutting an estimated $79.5M.
  • Covalis Capital fully exited Shoals Technologies Group in Q1 2024, selling an estimated $22.1M.
  • Covalis Capital's ten largest holdings make up 65% of its $810M portfolio in Q1 2024.
  • Covalis Capital opened 27 new positions and closed 31 in Q1 2024.
  • Covalis Capital's portfolio value rose 32% quarter-over-quarter to $810M.

Based on Covalis Capital's 13F filing for Q1 2024, filed 15 May 2024.